Nasdaq Dorsey Wright

Analyst Observations

Published: July 31, 2023

This content is for informational purposes only. This should not be construed as solicitation. The general public should consult their financial advisor for additional information related to investment decisions.

ESS, PM

ESS Essex Property Trust Inc ($243.85) - Real Estate - Shares of ESS reversed up into Xs on Monday, putting in a higher bottom at $232 and inching closer to the long-term bearish resistance line. The stock maintains an unacceptable 0 for 5 attribute rating at this time but the near-term picture is constructive. Further bullish confirmation would come with a break into a positive trend at $256.

PM Philip Morris International Inc. ($99.67) - Food Beverages/Soap - PM shares added an X at $100 on Monday to challenge firm resistance. The stock remains an unacceptable 1 for 5'er at this time and now carries a moderate overbought reading, so given the weight of the technical evidence, this could be an opportunity to trim long exposure.

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